Ordinance 1883ORDINANCE NO. 1883
AN ORDINANCE OF THE CITY OF EDMONDS, WASHINGTON,
ORDERING THE IMPROVEMENT OF CERTAIN PROPERTY IN THE
CITY OF EDMONDS BY CONSTRUCTING STANDARD CURBS AND
GUTTERS, INSTALLING NECESSARY DRAINAGE AND ANY NECES-
SARY GRADING OR.BASE PREPARATION AND RELATED WORK
NECESSARY TO MAKE A COMPLETE IMPROVEMENT IN ACCORDANCE
WITH CITY STANDARDS; CREATING AN ASSESSMENT DISTRICT
BEING LOCAL IMPROVEMENT DISTRICT NO. 198; PROVIDING
THE METHOD OF ASSESSMENT OF SAID DISTRICT; PROVIDING
THAT PAYMENT FOR SAID IMPROVEMENT BE MADE BY SPECIAL
ASSESSMENTS UPON THE PROPERTY IN SAID DISTRICT, PAYABLE
BY THE MODE -OF "PAYMENT BY BONDS"; PROVIDING FOR THE
ISSUANCE AND SALE OF LOCAL IMPROVEMENT DISTRICT WARRANTS
AND LOCAL IMPROVEMENT DISTRICT BONDS; PROVIDING FOR
PAYMENT BY THE SAID CITY OF COSTS EXCEEDING $32.00 PER
ZONED FRONT FOOT IN ACCORDANCE WITH THE ZONE -AND -TERMINI
METHOD OF ASSESSMENT; AND CREATING A SPECIAL LOCAL
IMPROVEMENT FUND, DISTRICT NO. 198.
WHEREAS, by Resolution of Intention No. 245 adopted on
October 5, 1976, the City Council of the City of Edmonds declared
its intention to create a local improvement district as herein-
after set forth and all work necessary to make a complete improve-
ment in accordance with the plans and specifications prepared by
the City Engineer, and
WHEREAS, due notice of the hearing upon said Resolution of
Intention No. 245 was given in the manner as provided by law and
such hearing was held by the City Council as aforesaid, and all
persons appearing at said hearing were heard, and all written
protests filed with the City Council on or before said date
were duly considered and rejected by the City Council, and
WHEREAS, the City Council has now determined it to be in
the best interests of the City that said improvement as herein-
after described be carried out and that a local improvement
district be created in connection therewith, now, therefore,
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THE CITY COUNCIL OF THE CITY OF EDMONDS, WASHINGTON, DO
ORDAIN AS FOLLOWS:
Section 1. The following property within the City of Edmonds,
Washington is hereby ordered to be improved by the construction of
standard curbs and gutters, providing necessary drainage and any
necessary grading or base preparation and paving and related work
necessary to make a'.complete improvement in accordance with City.
standards, as follows:
Laurel Way, from 8th Avenue South easterly 230 feet.
The foregoing shall be carried out in accordance with the maps,
plans and specifications therefore prepared by Reid, Middleton
& Associates, Inc., consulting engineers to said City, copies of
which are on file in the office of the City Clerk, and the same
are hereby adopted.
Section 2. There is hereby created and established a local
improvement district, to be called "Local Improvement District No.
198," which district is described as follows and contains the
following area:
"Lots 2, 3, 5, 6, 7, 8, 9 and 10, Section 25, Townshio
27 North, Range 3 East, W.M."
Section 3. The cost and expense of said improvement shall
be assessed upon all the property in the District in accordance
with the zone -and -termini method of assessment provided by law,
not to exceed $32.00 per zoned front foot.
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Section 4. The estimated cost and expense of the said
improvement is hereby declared to be $10,916.00, of which sum
the City will pay the estimated sum of $0.00. The cost and
expense of said improvement, including all labor and materials
required to make a complete improvement, all engineering, survey-
ing, legal, inspection, ascertaining of ownership of the lots or
parcels of land included in the assessment district, advertising,
mailing and publication of notices, accounting, administrative,
printing, costs of acquisition, and other expenses incidental
thereto, shall be borne by and assessed against the property
specially benefited by such improvement included in the local
improvement district established, embracing, as near as may be,
all property specially benefited by such improvement; PROVIDED
in the event the total cost of said improvement shall exceed
$32.00 per zoned front foot in accordance with the zone -and -
termini method of assessment, the City of Edmonds shall pay
sums sufficient to provide the difference between the actual
costs of said improvement and the said $32.00 per zoned front
foot; PROVIDED, further, that at the time fixed for hearing
objections to the confirmation of the assessment roll, and at
the times to which the hearing may be adjourned, the City
Council may correct, revise, raise, lower, change or modify
the roll or any part thereof, or set aside the roll and order
the assessment to be made de novo and at the conclusion thereof
confirm the roll by ordinance.
Section 5. Local improvement district warrants shall be
issued in payment of the portion of the cost and expense of the
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improvement herein ordered to be specially assessed, such
warrants to be payable out of the "Local Improvement Fund,
District No. 198" hereinafter created, to bear interest from
the date thereof at a rate not to exceed 8% per annum and to
be redeemed in cash, and/or by local improvement district bonds
herein authorized to be issued. The costs and expenses of the
improvement up to but not to exceed $32.00 per zoned front foot,
shall be defrayed and the bonds shall be redeemed by the col-
lection of special assessments to be levied and assessed upon
the property within said District, payable in ten (10) equal
annual installments, with interest at a rate to be hereafter
fixed by ordinance not exceeding 8% per annum under the mode of
"payment of bonds." The bonds shall bear the rate of interest
at no more than 8% per annum, payable on or before twelve (12)
years after the date of issue.
Section 6. All the work necessary to be done in connec-
tion with the making of said improvement shall be done by and made
by contract upon competitive bids and the City shall have and
reserves the right to reject any and all bids.
Section 7. There is hereby created and established for
Local Improvement District No. 198, a special fund to be known
and designated as "Local Improvement Fund, District No. 198, it
into which fund shall be deposited the proceeds from the sale of
interest bearing warrants drawn against said fund which may be
issued and sold by the City, and the aggregate of the several
amounts assessed, levied and collected on the lots and parcels
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